Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Series Vol. 8 , 13 September 2023
* Author to whom correspondence should be addressed.
Globalization refers to the cross and cultural dissemination of commodities, finance, technology and information in various countries, which will make various countries more connected to each other, and within economic point of view globalization will increase the connection between countries, international trade, business /financial cooperation and mutual influence in politics. The further increase in international trade not only increases the global interconnectivity and interdependence, but also has a great impact on UK's domestic economy. This article will take a look at globalization and international trade with China, discussing exactly how China is affecting the UK economy and the future of international trade with China.
globalization, economies, international trade
1. Matthew, W.: Statistics on UK trade with China. CBP-7379, 2-3(2020). From https://commonslibrary.parliament.uk/research-briefings/cbp-7379/
2. The world bank. (2022). GDP (current US$) - China | Data. World development-indicators,1960-2021,GDP-China.https://data.worldbank.org/indicator/NY.GDP.CD?contextual=&locations=CN.
3. The world bank. (2022). GDP (current US$) - UK | Data. World development indicators, 1960-2021, GDP-UK. from https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?contextual=default&locations=GB.
4. Trading Economics. (2022). United Kingdom Inflation Rate – June 2022 Data – 1989-2021 Historical – July Forecast. Retrieved 2022, from https://tradingeconomics.com/united-kingdom/inflation-cpi.
5. Hopson, E. (2022). Business insights and impact on the UK economy-office for National Statistics. Retrieved July2022fromhttps://www.ons.gov.uk/businessindustryandtrade/business/businessservices/bulletins/businessinsightAndimpactontheukukeconomy/latest.
6. Bye, S. (2022, February 14). International trade: benefits, barriers and business. University of Lincoln. Retrieved July 2022, from https://online.lincoln.ac.uk/international-trade-benefits-barriers-and-business/.
7. Leonard, M.(2015, January). Geo-economics: Seven Challenges to Globalization. World Economic Forum. Retrieved July 2022, from https://www.weforum.org/reports/geo-economics-seven-challenges-globalization.
8. TPS Global Logistic. (2021, August 12). How will the shortage of UK truck drivers impact businesses. TPS Global. Retrieved July 2022, from https://tps-global.com/how-will-the-shortage-of-uk-truck -drivers-impact-supply-chains/.
9. Ayres, S.(2014, April 15). The UK’s trade relationship with China. Https://Commonslibrary.Parliament.Uk/the-Uks-Trade-Relationship-with-China.
10. Stephens, M(2021,February12).Coronavirus and the impact on output in the-UK-economy-officefornationationalstatics.https://www.ons.gov.uk/grossdomesticproductgdp/articales/coronavirusandtheimpactOnoutputintheukeconomy/december2020.
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Authors who publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open Access Instruction).